26 top American corporations paid no federal income tax from '08 to '12 - report:
Twenty-six of the most powerful American corporations - such as Boeing, General Electric, and Verizon - paid no federal income tax from 2008 to 2012, according to a new report detailing how Fortune 500 companies exploit tax breaks and loopholes. Ref. Source 4
Ex-IRS official Lois Lerner again declines to testify before Congress
Former IRS official Lois Lerner, who headed the IRS office that subjected Tea Party groups to enhanced scrutiny, on Wednesday again cited her Fifth Amendment rights in declining to testify before the House Oversight Committee. Ref. USAToday
IRS chief: New rule on the way for tax-exempt groups
The Internal Revenue Service is prepared to rewrite a proposed rule regulating the political activities of nonprofit groups to address complaints from the right and left that it goes too far, IRS Commissioner John Koskinen said Monday. Ref. USAToday
Emails reveal IRS plot to jail conservatives:
The IRS has admitted creating special hurdles for conservatives opposing President Obama's policies as they tried to acquire tax-exempt status leading up to the 2012 election. Among the hurdles were a demand to know the content of a group's prayers and a promise not to protest the abortion business Planned Parenthood. Ref. Source 7
The Republican-led House of Representatives has voted to hold former IRS official Lois Lerner in contempt of Congress for refusing to answer questions about her agency's targeting of conservative and other groups.
Republicans contend the IRS, for political reasons, targeted for extra scrutiny groups seeking tax-exempt status. The IRS, the Obama administration and Democrats reject any political motivation.
Lerner, who was put on administrative leave and then retired last year from the IRS, headed the unit that did the screening. So far, she has refused to testify before Congress. Ref. CNN